Fed rate hike fears, ETF outflows push Bitcoin to 12-week low

Federal Reserve signals potential rate hikes amid persistent inflation

Chicago Federal Reserve President Austan Goolsbee warned that inflation is expanding beyond energy and tariffs to include rising medical and service costs and demand from AI data centers. The Federal Reserve’s current target interest rate range is 3.75% to 4.00%.

Fed Governor Christopher Waller expressed support for a 25-basis-point interest rate hike at the December 8-9 meeting. He noted that a 50-basis-point increase might be necessary if core CPI inflation reached 0.3% or higher. The October core CPI report showed a 0.3% increase, meeting the condition set by Waller for considering a 50-basis-point rate hike.

Wholesale prices rose 0.3% in October and 6.5% year over year, marking the largest annual increase since 2022.

Metaplanet reports quarterly losses and faces MSCI index removal

Metaplanet reported quarterly losses linked to a $119.8 million loss from selling 10,000 Bitcoin and a $50.3 million loss from the decline in the value of its remaining holdings. During the quarter, the company sold 10,000 Bitcoin for 124.7 billion yen and purchased 11,000 Bitcoin for 149.9 billion yen, paying an average of 9.3% more per coin. These transactions brought the company's total Bitcoin holdings to 44,000 coins by the end of September.

Interest expenses rose 56% to $8.5 million, with short-term borrowings and bonds payable reaching $691 million.

Metaplanet lowered its full-year revenue forecast to $40.6 million from a previous projection of $100 million. JPMorgan estimated that the removal of Strategy from these indexes could lead to $2.8 billion in selling pressure from funds that track the benchmarks.

U.S. spot Bitcoin ETFs record $1.49 billion in recent outflows

U.S. spot Bitcoin ETFs recorded net outflows of approximately $1.49 billion over six consecutive days between November 5 and November 12. On Thursday, November 12, the funds saw $47.7 million in withdrawals.

Technical indicators suggest further support levels for Bitcoin

Bitcoin’s daily relative strength index is 25.4, while the average directional index stands at 25.3. These metrics reflect Bitcoin's current market state.

Immediate support for the cryptocurrency is at $67,650, with a potential deeper support area near $64,000.

FutureBit launches Apollo III miner at Micro Center locations

FutureBit began selling its Apollo III Full Node miner at four Micro Center stores on Friday, November 13, 2026.

FutureBit founder John Stefanopoulos said, “When we started FutureBit, we made weekly trips to the DIY electronics section at the Brooklyn Micro Center to buy parts”. He added, “On Friday, someone can walk into that same store, ask how Bitcoin mining works and take home a miner we designed just down the street”. He stated, “We couldn’t be more excited to work with Micro Center on our first physical store launch”.

A standard miner-only model starts at $899.99.

The unit features 3-nanometer chips, 8 GB of memory, and a one-year limited warranty. The hardware is rated at 18 TH/s and 325 watts in Turbo mode, 12 TH/s and 150 watts in Eco mode, and 8 TH/s and 80 watts in Super Eco mode. Power is adjustable from 50 to 400 watts.

FutureBit is a Brooklyn-based company that has been building consumer mining hardware since 2015.

Upcoming economic reports to influence market trajectory

Upcoming macroeconomic checkpoints include the release of the Federal Reserve's November 18 meeting minutes. Markets will also watch for the release of the November 25 PCE inflation report.